Challenges Faced by Women Entrepreneurs in Coimbatore District

P. Sathiyabama and Dr.R. Velmurugan

Economic development of any nation mainly depends on entrepreneurship. An entrepreneurial activity was dominated by male members in the previous era. Nowadays most of the women want to be independent and want to prove their mettle starting new business ventures of their own. Moreover, women entrepreneurs contribute significantly to the economic growth. According to the report of Female Entrepreneurship Index by the Global Entrepreneurship and Development Institute, in a survey (2017) of 77 countries, India ranks 70, just above Ethiopia, Iran and Ugandan, which shows that in India, the environment for Women Entrepreneurship Development is inadequate. However, in our country, where almost 50% of the population are women, the number of enterprises run by women entrepreneurs is only 7.36% or out of 361.76 lakh enterprises in the MSME sector, only 26.61 lakh enterprises are run by women. Globally the number of women entrepreneurs is increasing, whereas here, women entrepreneurs still continuously face multidimensional challenges such as insufficient working capital and lack of social, technical and Government support to run their business. Hence, this paper focuses on the challenges encountered by the business women in Coimbatore district and offer suitable suggestions to overcome them.

Volume 11 | 09-Special Issue

Pages: 1091-1099

DOI: 10.5373/JARDCS/V11/20192676